Schwab Foundation for Social Entrepreneurship

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The Schwab Foundation for Social Entrepreneurship is a Swiss not-for-profit organization founded in 1998 that provides platforms at regional, national, and global levels to promote social entrepreneurship. [1] The foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year, it selects 20–25 social entrepreneurs through a global "Social Entrepreneur of the Year" competition. [2] [3]

Contents

History

Hilde Schwab at the WEF Social Entrepreneurs Wrap-up in 2018 Hilde Schwab at the WEF Social Entrepreneurs Wrap-up.jpg
Hilde Schwab at the WEF Social Entrepreneurs Wrap-up in 2018

In 1998, Klaus Schwab and his wife Hilde decided to create the independent not-for-profit Schwab Foundation for Social Entrepreneurship. [4] Its mission was to promote social innovation. This new foundation was complementary to the World Economic Forum, [5] founded by Klaus Schwab in 1971. [4]

Pamela Hartigan, who joined in October 2000, was its first managing director. The Foundation is financed from the initial endowment provided by the Schwabs plus grants and fees for services provided to individuals, foundations or companies. [6] [7]

Activities

The Foundation identifies rising social entrepreneurs under the age of 40 through its Forum of Young Global Leaders and encourages the activists it recognizes to work together as a team. In this collaboration, ideas are shared and possible funding is attracted from companies, universities, or INSEAD. The activists can also win support from corporations and political and academic leaders. [8] The activists (260 people in 2013) serve on the Forum's Global Agenda Councils. [9] [10] Case studies on specific social entrepreneurs are provided to leading academic institutions to incorporate into undergraduate and graduate-level courses. [1] Each year the Foundation selects 20-25 Social Entrepreneurs through a global “Social Entrepreneur of the Year” competition. [11] Winners include Mikaela Jade, for innovation in indigenous edu-tech. [12] [13]

Allegations of employer misconduct and harassment

On June 29, 2024, The Wall Street Journal published an article, authored by staff reporters Shalini Ramachandran and Khadeeja Safdar, stating that WEF Founder Klaus Schwab is accused by former WEF employees of having engaged in two instances of sexual harassment. Furthermore, a former employee alleges that she was "pushed out" from her role as leader of an initiative for startups, following a brief trial period, after telling Schwab she was pregnant. Schwab grew upset that she wouldn’t be able to continue working at the same pace, people familiar with the incident said, and told her she wasn’t suited for her new leadership role. A fourth allegation was that Schwab ordered the firing of all individuals over 50 years of age at the WEF, which then HR-chief Paolo Gallo refused to do. After this, Schwab allegedly fired Gallo. The article then went on to discuss alleged misconduct by other high-ranking WEF officials, which was not directly related to Schwab. The WSJ article quoted the WEF's response to the specific allegations against Schwab, which the authors had gathered before publishing the article, as: "Schwab has never made sexual advances toward an employee and the women's' allegations were vague and false" and that “Mr. Schwab does not and has never engaged in the vulgar behaviors you describe”. [14] Three days later, the WSJ article was reported on, separately and respectively, in Swiss daily newspapers Tages-Anzeiger and Neue Zürcher Zeitung, where WEF further commented that "it is deeply disappointing that the WSJ made provably false allegations" and that there existed a zero-tolerance policy for this sort of misconduct. [15] [16]

In the aftermath of these revelations, some commentators pondered the future of the WEF. [17]

Board of directors

As of January 2015, the organization's Board of Directors [18] consisted of:

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References

  1. 1 2 Schwab Foundation for Social Entrepreneurship "About us." Retrieved: 2013-08-06.
  2. ↑ "Social Innovators".
  3. ↑ "Schwab Foundation for Entrepreneurship | Ashoka | Everyone a Changemaker". www.ashoka.org. Retrieved 2023-08-02.
  4. 1 2 John Elkington; Pamela Hartigan (5 February 2008). The Power of Unreasonable People: How Social Entrepreneurs Create Markets That Change the World. Harvard Business Press. ISBN   978-1-4221-6354-2.
  5. ↑ Forum, World Economic (2019-07-26). "This is what is still holding social entrepreneurs back". The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com. Retrieved 2019-08-02.
  6. ↑ "Schwab Foundation for Social Entrepreneurship | Devex". www.devex.com. Retrieved 2023-08-02.
  7. ↑ "Schwab Foundation for Social Entrepreneurship". www.library.hbs.edu. Retrieved 2023-08-02.
  8. ↑ mike (2013-05-27). "S is for The Schwab Foundation For Social Entrepreneurship". The Positive Encourager. Retrieved 2023-08-02.
  9. ↑ "Schwab-foundations-social-entrepreneur-of-the-year".
  10. ↑ "Announcing the Social Innovators of the Year 2023 – Motsepe Foundation" . Retrieved 2023-08-02.
  11. ↑ Forum, World Economic. "2023 Social Innovation Awards: The Power Of Collective Change". Forbes. Retrieved 2023-08-02.
  12. ↑ Waters Robichau, Robbie (2010), Anheier, Helmut K.; Toepler, Stefan (eds.), "Schwab Foundation for Social Entrepreneurship", International Encyclopedia of Civil Society, New York, NY: Springer US, pp. 1352–1353, doi:10.1007/978-0-387-93996-4_766, ISBN   978-0-387-93996-4 , retrieved 2023-08-02
  13. ↑ "Schwab Foundation for Social Entrepreneurship | UIA Yearbook Profile | Union of International Associations". uia.org. Retrieved 2023-08-02.
  14. ↑ Ramachandran, Shalini; Safdar, Khadeeja (June 29, 2024). "Behind Davos, Claims of a Toxic Workplace". The Wall Street Journal . Retrieved 5 July 2024.
  15. ↑ Schuler, Edgar (2 July 2024). "Berichte über Belästigung und Diskriminierung unter Klaus Schwab". Tages-Anzeiger online. Retrieved 5 July 2024.
  16. ↑ Weder, Janique (2024-07-03). "Schwere Vorwürfe gegen Klaus Schwab: Das WEF weist Bericht zurück". Neue Zürcher Zeitung (in Swiss High German). ISSN   0376-6829 . Retrieved 2024-07-05.
  17. ↑ "MSN". www.msn.com. Retrieved 2024-07-05.
  18. ↑ The Schwab Foundation Board
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